NASDAQ:PERI: a strong growth stock preparing for the next leg up?.

Last update: Nov 15, 2023

Exploring Growth Potential: PERION NETWORK LTD (NASDAQ:PERI) and Its Base Formation. Growth investors seek promising revenue and EPS growth, and PERION NETWORK LTD has come under our scrutiny for potential growth investing. While it's crucial to do your own research, we've detected PERION NETWORK LTD on our screen for growth with base formation, suggesting it merits a closer look.

Deciphering NASDAQ:PERI's Growth Rating

ChartMill assigns a proprietary Growth Rating to each stock. The score is computed by evaluating various growth aspects, like EPS and revenue growth. We take into account the history as well as the estimated future numbers. NASDAQ:PERI was assigned a score of 8 for growth:

PERI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 54.97%, which is quite impressive.
The Earnings Per Share has been growing by 25.56% on average over the past years. This is a very strong growth
Looking at the last year, PERI shows a very strong growth in Revenue. The Revenue has grown by 22.09%.
The Revenue has been growing by 18.50% on average over the past years. This is quite good.
Based on estimates for the next years, PERI will show a quite strong growth in Earnings Per Share. The EPS will grow by 19.48% on average per year.
The Revenue is expected to grow by 12.48% on average over the next years. This is quite good.

Health Assessment of NASDAQ:PERI

ChartMill employs a unique Health Rating system for all stocks. This rating, ranging from 0 to 10, is determined by analyzing various liquidity and solvency ratios. For NASDAQ:PERI, the assigned 9 for health provides valuable insights:

PERI has an Altman-Z score of 4.86. This indicates that PERI is financially healthy and has little risk of bankruptcy at the moment.
PERI has a Altman-Z score of 4.86. This is amongst the best in the industry. PERI outperforms 90.82% of its industry peers.
There is no outstanding debt for PERI. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
PERI has a Current Ratio of 2.73. This indicates that PERI is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.73, PERI belongs to the top of the industry, outperforming 84.69% of the companies in the same industry.
A Quick Ratio of 2.73 indicates that PERI has no problem at all paying its short term obligations.
PERI has a Quick ratio of 2.73. This is amongst the best in the industry. PERI outperforms 84.69% of its industry peers.

Profitability Examination for NASDAQ:PERI

ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of NASDAQ:PERI, the assigned 8 is noteworthy for profitability:

PERI's Return On Assets of 12.41% is amongst the best of the industry. PERI outperforms 92.86% of its industry peers.
The Return On Equity of PERI (17.33%) is better than 85.71% of its industry peers.
PERI's Return On Invested Capital of 14.78% is amongst the best of the industry. PERI outperforms 94.90% of its industry peers.
The Average Return On Invested Capital over the past 3 years for PERI is significantly above the industry average of 7.26%.
The last Return On Invested Capital (14.78%) for PERI is well below the 3 year average (32.81%), which needs to be investigated, but indicates that PERI had better years and this may not be a problem.
PERI's Profit Margin of 16.24% is amongst the best of the industry. PERI outperforms 83.67% of its industry peers.
PERI's Profit Margin has improved in the last couple of years.
PERI has a better Operating Margin (16.43%) than 81.63% of its industry peers.

Why is NASDAQ:PERI a setup?

ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NASDAQ:PERI scores a 7 out of 10:

PERI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 28.57. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for PERI in the last couple of days, which is a good sign.

Our Strong Growth screener lists more Strong Growth stocks and is updated daily.

Check the latest full fundamental report of PERI for a complete fundamental analysis.

For an up to date full technical analysis you can check the technical report of PERI

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.